Attending: Cleveland Dietz, Jean Hollinger, Joe Estivill, Mark Lowe
Call to order 6:10pm
Old Business
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Audit vs transmitter question
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Audit is critical now. CPB funding requires Audit, so Audit is required this year
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Need to clarify dates for Audit requirement (and length of years)
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Need to clarify the re-classification
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Station will need to raise $300k per year to get back to full CPB funding. $208k current budget so would need additional ~$98k to reach Level B
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Bring to board – What is bare minimum for CPB, and what is required minimum for grants? [Cleveland]
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Development director
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Joe – does development director need to be on Finance Committee?
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Mark – let Dorothy know where numbers are and ask if she wants to be on the Committee
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Lotus Fund Drive recap
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Received $9k, but up $1k (estimate)
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Cleveland to make call to Lotus tomorrow and get with Jim on how we can get rest of tickets off our hands.
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Development Director update
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Dorothy Granger hired and working. Meeting and greeting everyone.
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Lotus CDs at Spring Hill and BCT Box Office ($6/$4 split, $.90 to make)
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Weekly 1-1 meetings for a development plan.
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Participating in conversation with Youth Services Bureau grant
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Raymond Foundation grant too
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Honda Foundation grant
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Audit vs Translator from board (see #1 previous)
New business / Strategic
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Credit card: Mark – look for better CC with better rates and incentives
Review monthly statements
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Analyze current finance
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Good chance of meeting budget for Membership Inc and Underwriting
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Follies brought in $550
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More than 55 people so seems the tickets were sold at less value (?)
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Development director money has not appeared yet
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Expense issues
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Advertising = Joe Lamantia work from last year
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Internet services = verizon account not yet closed
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Dues & Subscriptions = old bill from last year PRX
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Accounting = budgeted for audit
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Engineering = power supplies
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Building = HVAC
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Computer supplies = Grant money from BCCF for equipment for BC Hour
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Office = Printer expense and toner
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Highlights for board
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Cleveland – Close to actual budget on a very ambitious budget
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Mark – Concerns on angel donors bringing in money
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All – Concerns on audit – need details, etc. to make an informed decision
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Mark/Joe – Flip Lotus tickets into a positive – give to vols, donors, partners, etc.
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Adjourn 7:10pm